Disney lost $547M to hurricanes. Here’s the calculation.

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Hurricane Milton marked another time Orlando’s largest theme park — Walt Disney World — has had to shutter, easily costing millions of dollars in lost revenue for the entertainment giant.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

Closures at Disney due to storms date back to 1999 and the losses aren’t small, according to International Theme Park Services, a Cincinnati-based consulting company fronted by CEO Dennis Speigel that has tracked Walt Disney World’s storm-related losses for the past 25 years.

Read: Orlando to buy downtown property for potential mixed-use development

For example, Walt Disney World in 1999 witnessed its first hurricane-related closure when Hurricane Floyd caused it to shutter Sept. 14 that year and reopen two days later. While Floyd caused $6.5 billion in damage, Florida largely was spared, as the storm veered in a different direction than originally thought. However, said Speigel, Disney incurred losses to the tune of about $45 million per day due to being closed.

Click here to read the full story on the Orlando Business Journal’s website.

Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

©2024 Cox Media Group